CSW Industrials (NASDAQ:CSWI) Coverage Initiated at Truist Financial

Equities researchers at Truist Financial started coverage on shares of CSW Industrials (NASDAQ:CSWI - Get Free Report) in a report released on Friday, Marketbeat Ratings reports. The firm set a "hold" rating and a $362.00 price target on the basic materials company's stock. Truist Financial's price target points to a potential upside of 13.31% from the stock's current price.

A number of other equities research analysts have also recently issued reports on CSWI. Wells Fargo & Company decreased their price objective on shares of CSW Industrials from $410.00 to $350.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Citigroup decreased their price objective on shares of CSW Industrials from $466.00 to $404.00 and set a "neutral" rating for the company in a report on Monday, January 13th. StockNews.com cut shares of CSW Industrials from a "buy" rating to a "hold" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of CSW Industrials from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, CSW Industrials has an average rating of "Hold" and an average target price of $379.00.

CSW Industrials Stock Up 0.4 %

Shares of CSW Industrials stock traded up $1.36 on Friday, hitting $319.48. 59,980 shares of the company traded hands, compared to its average volume of 118,006. The company has a 50-day moving average price of $357.30 and a 200 day moving average price of $361.25. CSW Industrials has a 12-month low of $221.10 and a 12-month high of $436.50. The company has a market cap of $5.36 billion, a PE ratio of 38.17 and a beta of 0.84.

CSW Industrials (NASDAQ:CSWI - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.11. CSW Industrials had a net margin of 15.53% and a return on equity of 15.72%. Equities research analysts anticipate that CSW Industrials will post 8.59 EPS for the current year.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the chief executive officer now owns 49,698 shares of the company's stock, valued at approximately $19,371,286.44. This represents a 1.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert M. Swartz sold 200 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $321.78, for a total transaction of $64,356.00. Following the transaction, the director now directly owns 13,519 shares of the company's stock, valued at $4,350,143.82. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,103 shares of company stock valued at $3,437,104. Insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSWI. Vanguard Group Inc. raised its position in CSW Industrials by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 1,852,716 shares of the basic materials company's stock worth $653,638,000 after purchasing an additional 29,488 shares in the last quarter. State Street Corp raised its position in CSW Industrials by 71.7% in the third quarter. State Street Corp now owns 612,696 shares of the basic materials company's stock worth $224,486,000 after purchasing an additional 255,849 shares in the last quarter. Conestoga Capital Advisors LLC raised its position in CSW Industrials by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 577,037 shares of the basic materials company's stock worth $211,420,000 after purchasing an additional 9,781 shares in the last quarter. Geode Capital Management LLC raised its position in CSW Industrials by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 393,853 shares of the basic materials company's stock worth $138,983,000 after purchasing an additional 4,899 shares in the last quarter. Finally, Northern Trust Corp raised its position in CSW Industrials by 5.6% in the fourth quarter. Northern Trust Corp now owns 217,655 shares of the basic materials company's stock worth $76,789,000 after purchasing an additional 11,465 shares in the last quarter. Institutional investors and hedge funds own 82.79% of the company's stock.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.